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Saturday 20th January 2018,
Hope for Nigeria
nigeria airways

Fares for foreign flights crash by 80%

Airfares on major international routes from Nigeria have recorded a sharp drop by as much as 80 per cent in recent weeks due to reduced trips by travellers in what is generally regarded in the aviation industry as a low [...]

February 7, 2014 Transportation

We Consumed 39.66m Barrels of Petrol in 2013 – PPPRA

Chineme Okafor The Petroleum Products Pricing Regulatory Agency (PPPRA) Thursday stated that the total amount of petrol consumed in Nigeria last year (2013) was 39.66 million barrels. PPPRA also noted that the consumption figure was a lot different from the [...]

February 7, 2014 Oil & Gas

GE, BoI pledge $500m support for SMEs

General Electric and the Bank of Industry have agreed to a $500m funding support for small and medium-sized enterprises in the area of infrastructure provision. Both parties said in a joint statement on Thursday that the new arrangement would bring [...]

February 7, 2014 Business

New Special Advisers, CEOs for NTA, FRCN, NAN, SURE-P – Jonathan

Jaiyeola Andrews President Goodluck  Jonathan has approved the appointments of Gen. Martin Luther Agwai as   Chairman of Subsidy Reinvestment Empwerment Programme (SURE-P), while Mrs. Tanwa Olusi, will serve as Deputy Chairman of SURE-P. Mrs. Fidelia Njeze was also appointed Special [...]

February 7, 2014 Government and politics

IBM Takes Watson to Africa for Project

IBM announced its next major chapter for Watson – fueling economic development and sparking new business opportunities across Africa. This announcement comes on the heels of IBM’s $1 billion bet to create the Watson Group, which will accelerate efforts around [...]

February 7, 2014 Africa, Business

Nigeria Hosts Aquaculture Experts

While aquaculture is gaining popularity and momentum in Nigeria, the sector is still underdeveloped and inefficient. Fish farming inputs such as fish meal, fish feed, fish health supplies are mostly imported and their costs are too high for small scale [...]

February 7, 2014 Business, Economy

Norwich City vs Manchester City Preview

Norwich welcome Manchester City to Carrow Road on Saturday with the away side looking to bounce back after losing a crucial game at home to Chelsea. That result meant that the top three teams are only separated by two points [...]

February 7, 2014 General
Enugu Woman QuadTriplets

Woman Gives Birth to Quadruplets, Appeals for Help – Enugu

A 32-year-old petty trader, Mrs Nkiru Ezeugwu, has given birth to quadruplets at the Mother of Christ Hospital, Enugu. Ezeugwu, who hails from Opi in Nsukka Local Government Area of the state, was delivered of the quadruplets of two males and two females on Monday. [...]

February 7, 2014 General

Facebook At 10

The world's largest social media platform is ten years old. It seems surreal that a phenomenon that has taken the whole world by storm would just be in JSS1 if it were a child. But if Facebook were a child, [...]

February 7, 2014 General

Tasmania’s giant jellyfish – Blows away scientists

Residents of a sleepy hamlet in Tasmania found a previously unknown kind of giant jellyfish washed up on a beach, prompting excitement among scientists in Australia as they work to formally name and classify the creature. About 1.5 metres (five [...]

February 7, 2014 Environmental issues, General, Science and technology

Chita Agwu – My smile alone can make you fall

Nollywood beau, Chita Agwu, who started acting in 2009 has worked her way up to the top of the ladder with more than 40 movies to her credit. Despite having a jollyride with her career, things have not always been [...]

February 7, 2014 Nollywood, Societal issues

Granddad at 29…

A 29-year-old man who has become one of Britain's youngest grandparents was left red-faced after nurses asked him to prove he was over 16 as he tried to visit his daughter's baby. Unemployed Shem Davies was overjoyed when 14-year-old Tia [...]

February 7, 2014 Environmental issues, General, International

Human lung is kept alive and BREATHING for a transplant

When a transplant patient receives the call saying a long-awaited donor organ is ready, there can be a mad rush to get it on ice and on the move ready for the operation. To reduce the stress, and expense, involved [...]

February 7, 2014 General, Health issues

The incredible paintings created with SMOKE

You'd be forgiven for thinking that the images in Michael Fennell's collection are photographs, yet not only are the realistic pieces of art in fact paintings, they are created using smoke. These smoke paintings are produced using large canvases suspended above Fennell’s [...]

February 7, 2014 General

3 Simple Reasons You Should Not Eat French Fries

French fries have got a bad reputation and for good reason. French fries are not exactly the most healthy food and you all know that eating too much of anything is not a good thing. Read more here about why [...]

February 7, 2014 General, Health issues
Why Nigerian Bankers Are Living In Fear

Why Nigerian Bankers Are Living In Fear

The wave of sacking that characterised the banking sector a couple of years back has not abated as the axes are dangling on more workers. Indications have emerged that more bank workers will lose their jobs in 2014 following cost-cutting [...]

February 5, 2014 Finance

President Jonathan Decorates New Service Chiefs, SEE What He Asked Of Them

President Goodluck Jonathan, on Wednesday decorated the newly appointed service chiefs with their new ranks. Those who were decorated include, Chief of Defence Staff, Air Chief Marshal Alex Badeh; Chief of Army Staff, Lt.-Gen. Kenneth Minimah; Chief of. Naval Staff, [...]

February 5, 2014 General

Syria – ship more chemicals to Russia

Russia said its ally Syria would soon ship more chemical weapons abroad for destruction after being accused of dragging its feet, while activists said civilians in Aleppo were fleeing deadly barrel bomb raids by President Bashar al-Assad's air force. Moscow [...]

February 5, 2014 International

Judges lessen sentence handed to Gladys Chauke

It is said hell hath no fury like a woman scorned. Two Pretoria High Court judges had some sympathy with a woman who, in a “crime of passion”, pulled her two-timing husband so badly by the testicles that he had [...]

February 5, 2014 Government and politics, Human rights, Law
Disturbed by the inability of most investors in the recently privatised power generation and distribution firms to raise funds to run the operations of the plants, President Goodluck Jonathan has directed Vice-President Namadi Sambo to convene a meeting of stakeholders to seek new funding for the power sector. The Head, Public Communication, Bureau of Public Enterprises, Mr. Chigbo Anichebe, confirmed this in a statement made available to our correspondent in Abuja on Monday. Anichebe said stakeholders from different parts of the world would come together at an international conference holding at the State House in Abuja next Monday. The BPE spokesperson quoted the Permanent Secretary, Ministry of Power, Ambassador Godknows Igali, as saying that the conference was aimed at augmenting the efforts of the private sector in seeking funds for the electricity industry. Igali said, “Following the physical handover of the successor companies to the private sector investors on November 1, 2013, the burden of process optimisation and capacity expansion has been shifted from the Federal Government to the new owners. “Nonetheless, the Federal Government recognises that power supply still remains a social responsibility as it is the paramount infrastructure needed for our nation building and economic development. “Consequently, the President has directed Vice-President Namadi Sambo, who also chairs the National Council on Privatisation, to convene an international conference to facilitate the funding of the power sector infrastructure development of the country to achieve the required modernisation, expansion and overall enhancement of electricity service delivery. “Ultimately, the direct beneficiaries of the fund influx are the Transmission Company of Nigeria, the Discos, Gencos, NIPPs, the emerging IPPs and other sector service providers.” Participants in the conference are expected to be drawn from the country, development partners, the donor community, international financial institutions and financiers. According to Anichebe, the conference aims to facilitate an interaction between the new investors and local and international financial institutions to explore the available opportunities in meeting the capital expenditure needs of the Nigerian power sector.

FG seeks financiers for power firms

Disturbed by the inability of most investors in the recently privatised power generation and distribution firms to raise funds to run the operations of the plants, President Goodluck Jonathan has directed Vice-President Namadi Sambo to convene a meeting of stakeholders [...]

February 4, 2014 Business, Finance
Sonnie Ayere

FG May Get 15% Stake in New Mortgage Company

By Ndubuisi Francis The federal government may own 15 per cent equity or less in the newly-launched Nigeria Mortgage Refinance Company (NMRC), which is set to address the challenges associated with housing finance in the country. The NMRC, which has [...]

February 4, 2014 General
NSIA commits $10m to SMEs’ for agric business

NSIA commits $10m to SMEs’ for agric business

THE country’s agricultural sector development got a boost Monday, with the announcement by the Nigeria Sovereign Investment Authority (NSIA) through its Nigeria Infrastructure Fund to commit about $10 million to the Fund for Agricultural Financing in Nigeria (FAFIN or The [...]

February 4, 2014 General
FG reassures Nigerians of improved electricity supply

FG reassures Nigerians of improved electricity supply

The Federal Government on Sunday reassured Nigerians, especially industrialists, of steady electricity supply in a very short time. Chinedu Nebo, the minister of power, gave the assurance at the investiture of the newly elected president and council of the Enugu [...]

February 4, 2014 Demographics, Power
NBS to carry out jobs creation survey

NBS to carry out jobs creation survey

The National Bureau of Statistics on Monday unveiled plans to carry out a survey to enable it to ascertain the total number of jobs created by both the public and private sectors of the Nigerian economy. The agency said in [...]

February 4, 2014 Employment

Hadiza – The ‘run away’ lover

To be in love is to be in bondage.Love is a universal language.Hadiza is a Fulani girl that I met during my youth service in Niger state.I met her by chance.My eyes caught her tall frame with robust cheeks.She was [...]

February 4, 2014 General
wto Nigeria trade policy

WTO seeks transparency in Nigeria’s trade policies

The World Trade Organisation has called on the Federal Government to ensure transparency and inclusiveness in the formulation and implementation process of the country’s trade policies. The Deputy Director-General, WTO, Ambassador Yonov Agah, stated this on Saturday, in Abuja at [...]

February 3, 2014 Business

Foreign portfolio investors withdraw $12.8bn in 2013

By Babajide Komolafe Foreign portfolio investors withdrew $12.8 billion from the economy last year, even as the nation’s external reserves maintained it downward trend last week. Speaking at the Monetary Policy Committee (MPC) meeting held last month, Deputy Governor, Central [...]

February 3, 2014 Business
Nigeria GDP Growth

Non-oil Sector Drives Nigeria’s GDP Growth

By Obinna Chima The non-oil sector of the Nigerian economy was the main driver of the country’s real Gross Domestic Product (GDP) growth in 2013, a report has indicated. According to the report, ongoing reforms in the key sectors of [...]

February 3, 2014 Business

FG, GE Sign $350m Power Financing Deal

By Crusoe Osagie The federal government, at the weekend, signed a $350 million deal with General Electric (GE) to support the construction of small-scale power projects across Nigeria. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, while speaking [...]

February 3, 2014 General

Subsidy on electricity not necessary – FG

The Federal Government has said it is not right to continue to subsidise electricity consumption by the citizens. According to the government, the power sector has been characterised by a series of challenges that require huge financial commitment. The Minister [...]

February 3, 2014 Power